The PolicyTracker spectrum auctions software is a stable and user-friendly platform for conducting several types of commercial auction. It is intuitively designed, enabling users to set up and modify the following auction types:
- Simultaneous Multiple Round Auctions
- Ascending Clock Auctions
- Ascending clock auctions with exit bids
User-friendly formatThe auctioneer uses a simple drop-down menu to choose the preferred auction type. They can then specify who is allowed to bid, set the timings of the rounds and enter a starting price, price increment and eligibility point rating for each lot. There are no restrictions on the number of lots or bidders. The auctioneer can track the incoming bids in real time and halt or extend a round if necessary.
A simple bidder interfaceEach bidder is presented with an intuitive and easy-to- use web page on which to make their bids. It shows the price of the lot in the current round and allows them to bid by simply entering a number or ticking a box. The software will automatically close the auction once bidding is complete.
A secure and stable platformThe spectrum auctions software is based on a solid open source platform and has been exhaustively tested as well as used many times in PolicyTracker’s auctions training courses. It can be hosted on your own servers as an intranet or internet service or we can host it for you. If running a commercial auction we would recommend the use of our additional “triple lock” security system which features:
- user name and password identification
- USB dongle security
- IP address verification